Post Utme Eksu 2018 Economics Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Eksu Economics examination.

Post Utme Eksu 2018 Economics Objective / Multiple Choice

Question 9 POST_UTME_EKSU • 2018 • ECONOMICS • objective

The agricultural sector in Nigeria is a significant contributor to the country's GDP. Which of the following is a correct statement regarding the impact of agricultural subsidies on the agricultural sector?

Correct Answer A. Agricultural subsidies lead to an increase in the production of crops and a decrease in the price of agricultural products.

B. Agricultural subsidies lead to a decrease in the production of crops and an increase in the price of agricultural products.

C. Agricultural subsidies have no effect on the production of crops and the price of agricultural products.

D. Agricultural subsidies lead to an increase in the production of crops and an increase in the price of agricultural products.

Correct Answer

Correct Option:

Agricultural subsidies lead to an increase in the production of crops and a decrease in the price of agricultural products.

This is Post Utme Eksu 2018 Economics Question 9. It is one of the objective questions from the 2018 Post Utme Eksu Economics examination.

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